Mark Zuckerberg secures control over Facebook

At the annual Facebook shareholder meeting on Monday morning, Mark Zuckerberg secured his position of control for decades to come. At the meeting, shareholders voted to restructure stock offerings, but it ensures that Zuckerberg will keep his majority ownership of Facebook even if the company issues more stock.

With more than one billion users looking at Facebook daily on mobile devices alone, the company has no reason to consider pushing Zuckerberg out. On top of that, the company has netted $5 billion in revenue just in the last quarter.

Source: Youtube

Mark Zuckerberg secures control over Facebook
Reviewed by Kanthala Raghu
on
June 21, 2016
Rating: 5